Brief: Loandepot Inc - Loandepot.Com, Llc, Transferred $225 Million Of Cash Balances Held At Signature Bridge Bank, N.A., To Large Money Center Bank On March 13

loanDepot

15/03/2023 10:21

March 15 (Reuters) - Loandepot Inc  LDI.N :
    * LOANDEPOT INC -  LOANDEPOT.COM, LLC, TRANSFERRED $225
MILLION OF
CASH BALANCES HELD AT SIGNATURE BRIDGE BANK, N.A., TO LARGE
MONEY CENTER BANK ON MARCH 13
    * LOANDEPOT - CO IS ALSO PARTY TO $300 MILLION WAREHOUSE
FACILITY,
IN WHICH SIGNATURE BRIDGE BANK IS 50% PARTICIPANT
    * LOANDEPOT INC - ALSO HAS A $300 MILLION MORTGAGE SERVICING
RIGHTS FACILITY WITH SIGNATURE
    * LOANDEPOT INC -  COMPANY STILL MAINTAINS FULLY INSURED
CUSTODIAL
DEPOSIT ACCOUNTS AT SIGNATURE
    * LOANDEPOT-EXPECT TO HAVE FULL ACCESS TO THE DEPOSITS HELD
AT
SIGNATURE & DO NOT EXPECT MATERIAL ADVERSE EFFECT ON FINANCIAL
CONDITION OR OPERATIONS
    * LOANDEPOT INC -  COMPANY DOES NOT HOLD CASH DEPOSITS OR
SECURITIES OR HAVE CREDIT EXPOSURE TO SILICON VALLEY BANK

Further company coverage:  LDI.N 

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